Somanathrout

Somanathrout Updated 

long tatastweel above 352 on one hour closing chart.

Somanathrout Updated 

as we can see the trendline has tremendous price action , no matter whether in a bull or bear market in upward direction. Nifty can be bought there but main thing to remember is position should be strictly intraday as the longer term trend is downward and nifty to touch 10500 likely. As it has been seen that after a retracement immediate fall is seen very next day.

Somanathrout Updated 

set gann fan at my advised degree at desired points. it will be easier for you to understand the price action atnd support and resistance. be a fighter with an ox like an ox.

Somanathrout Updated 

everything is mentioned in the chart

Somanathrout Updated 

levels mentioned in the chart

Somanathrout

TATASTEEL FIFTH ELLIOT WAVE COMPLETED AT 444 AND NOW WAVE 'A' MIGHT TAKE IT TO TARGET 1 AND TARGET 2.

Somanathrout

AS I WATCHED THE RHYTHM CAREFULLY I FOUND IT IS FOLLOWING A PATTERN AND FOLLOWING IT CLASSICALLY. SO, IT MUST NOW RETRACE UPTO ATLEAST 1.0 % WHICH WILL BE 199. STILL A GOOD EXPECTATION. I DONT THINK IT WILL GO BELOW ITS PREVIOUS LOW, STILL FOR SAFETY MATTERS STOPLOSS TO BE SET AS 170 AND RISK REWARD WILL BE 1:2. happy trading.

Somanathrout Updated 

An upmove was expected as it has given today ,but more importantly it has missed to double bottom on trendline. So stay alert at 22500 as a sharp reversal can be seen from there. buy above 22500 candle close in at least one hour chart.

Somanathrout

itc trading at crucial levels. better to watch and see how this weekly close will be.

Somanathrout

levels mentioned on the chart. weekly chart, always decide on weekly close.

Somanathrout

everything is mentioned in the chart.

Somanathrout

Banknifty is trading around support area. buying zone 21950 - 22000. Strict stoploss 21850 on candle close hourly chart. target 1 - 22300 target 2 - 22450

Somanathrout

happy trading

Somanathrout

everything is mentioned in chart

Somanathrout

nifty is preparing for a decent correction after a bull run. stay alert and stay tuned.

Somanathrout Updated 

long for target 1 22379 and target 2 maybe 22679 stoploss 21690

Somanathrout Updated 

SBIN long above 198.40 at least on the close of a candle in one hour chart for target 208.

Somanathrout Updated 

fretail has shown extraordinary price action since last couple of weeks. Its all happened in this counter news, earnings, board meetings....but beauty of technicals of a stock is it still followed the chart patterns. In case of buying strict stoploss to be followed below the green support trendline as per one wishes. My view is not more than 10 percent .Remember...